4 Stocks On Discussion Radar - FBR, A2M, ECT And ASN

  • Nov 19, 2018 AEDT
  • Team Kalkine
4 Stocks On Discussion Radar - FBR, A2M, ECT And ASN

With the hopes of China reaching the trade deal, ASX was lifted by President Trump’s tweet and the shares are set to rise with positive news. 4 stocks from diversified sectors that came under the radar of investors are:

FBR LTD (ASX: FBR) - The company has successfully demonstrated its robotic home building technology by building a 180m2, 3-bedroom, 2-bathroom home structure in less than the targeted total elapsed time of three days. The company, compared to $258,378 in FY17, reported higher revenue in FY18 at $535,486. However, loss for the period compared to $2,567,107 in FY17 amounted to $7,115,679 in FY18 which was mainly impacted by the rise in directors’ and employee benefits, share-based payments, and other expenses. The company enjoys debt-free status as of 30 June 2018 along with decent cash & cash equivalent surplus of $21,956,657. The current ratio stood at 10.71x in FY18 which is above the industry median of 1.34x. The stock surged 2.857% higher at $0.180 and has seen a performance change of staggering 629.17% over the past 60 months.

THE A2 MILK COMPANY LIMITED (ASX: A2M) - With the creation of Human Resources Director, A2M has appointed Lisa Burquest to this role effective from Tuesday, 13 November 2018 and has expanded its Senior Leadership Team. For the first quarter of FY19 the company has reported a revenue as per the company’s expectation. With nutritional products in ANZ and China, and liquid milk in the US, for FY 19, the company expects further revenue growth. As compared to FY18 the FY 19, marketing expenditure per sales and overhead costs will be higher. The EBITDA to sales ratio in FY19 is expected to be broadly consistent with FY18. The stock has surged by 2.51% to close at $9.800 as at November 19, 2018. The stock over the past 12 months has witnessed a performance change of 36.18%.

ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED (ASX: ECT) – The total revenue increase only marginally from $111,416 in 2017 to $138,797 in 2018. The consolidated entity currently does not have a material source of revenue and is dependent on receipt of research and development tax incentives, ELF loan repayments, equity capital or loans from third parties to meet its operating costs. The earnings per share (EPS) of the stock is also negative 0.002AUD reflecting restraints in profitability. The total current assets of the company are $2,489,321 while the total current liabilities were of $2,344,275 which represents the ability to pay short term obligations. The stock over the past 12 months period has undergone a performance change of 55.56%. The stock traded at a market price of $0.013 as at November 19, 2018.

ANSON RESOURCES LIMITED (ASX: ASN) – On 14 November 2018, the company has finalized the location of the lithium pilot plant. The net loss compared to 2017 loss of $1,744,915, attributable to equity holders of the parent for the year ended 30 June 2018 was $4,354,151 of which major amount was incurred in acquiring projects. No dividends have been paid or declared since the start of the financial year and the directors do not recommend the payment of a dividend in respect of the financial year. As at 30 June 2018 cash on hand totaled $1.7 million compared to 2017 cash of $0.5 million. The stock has witnessed a performance change of 828.12%, over the past 60 months period. The stock traded flat at a market price of $0.090 as at November 19, 2018.


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